[FSC Data Model and Configuration]
Lake Tahoe Bank has been using Sales Cloud to support the business to consumer (B2C) activities. The VP of IT wants a better and more flexible data model that can supporthis B2C Banking use cases. He is considering upgrading to Financial Services Cloud, using Person Accounts.
Which 2 of these statements are true for the Financial Services Cloud Person Account Data Model?
- Person Accounts can be merged with Business Accounts in Financial Services Cloud
- To share a Person Account record the admin will need to create sharing rules Account and Contact objects
- The Person Account record type can be used when a client is an agent for a broker firm that is doing business with the Financial Institution.
- The Person Account is a virtual object displaying data from Accounts and Contacts objects. It represents all aspects of the person and includes D data such date of birth or tax ID number.
- The Person Account model uses the standard Account object to hold all of the details about a person The Account object has been extended " with custom fields and a Person Account Record Type
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